Abercrombie & Fitch Co. chairman and chief executive officer Michael Jeffries last year had a 39 percent increase in total compensation, to $15.9 million, thanks to a $6 million “stay bonus.”
The bonus kicked in when Jeffries, whose contract has been extended to February 2014, remained with the company through Dec. 31. It was part of a total of $6.5 million in nonequity compensation last year, compared with $1.9 million in 2007, according to a regulatory filing with the Securities and Exchange Commission.
Jeffries’ salary was $1.5 million, as in 2007, and his stock-and-option awards were valued at $5.6 million, up from $5.1 million. Stock-and-option awards are reported based on SEC accounting guidelines. The compensation reported in these categories was not necessarily realized because of vesting schedules and falling share prices.
The ceo received other compensation of $2 million, including $1.1 million for personal use of the company-owned aircraft. His 2007 total was $11.4 million.
At Jones Apparel Group Inc., Wesley Card, president and ceo, received compensation of $5.5 million last year, a 36.4 percent increase.
Card’s take included a $1.6 million salary, $86,474 for a rented New York apartment and $10,792 in car services, according to a separate SEC filing. His 2007 salary was $1.3 million.
Most of Card’s pay came in the form of stock awards, which were valued at $3.7 million, up from $2.5 million in 2007.
Chairman Sidney Kimmel drew salary of $1.2 million, unchanged from 2007, and also received $113,425 in car and driver services.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia